JPMorgan has tightened its lending rules for private credit groups, trimming the value of certain loans that these funds use as collateral. The bank’s move signals growing caution among traditional lenders toward the fast‑growing private credit market, especially when backing software companies that
JPMorgan Chase has lowered the value of loans it holds as collateral, mainly those given to software companies, in its private‑credit financing arm. The change means that firms using these loans for “back‑leverage” will have less room to borrow and may need to lock up more assets. The bank’s move
Citigroup is set to add bitcoin custody for big investors later this year, blending the digital coin into its standard asset safekeeping and reporting tools. The plan lets clients hold bitcoin alongside stocks, bonds, and cash in one account, making it easier to mix digital and traditional assets fo
Citigroup is working on a new service that will let investors keep bitcoin in the same kind of secure account they use for stocks and bonds. The idea is to make the digital currency feel as safe and easy to manage as any other asset. The bank’s chief of digital‑asset custody said the new offering w
JPMorgan’s chief executive, Jamie Dimon, cautioned investors that the current boom in asset prices and high borrowing could trigger a crisis similar to 2008. He warned that banks taking on risky loans and the excitement around artificial intelligence are signs of a fragile system. Dimon compar
JPMorgan has chosen Catherine O'Donnell to head its North America Leveraged Finance unit. She will move to New York and bring more than two decades of experience in complex debt deals. The bank says O'Donnell will run the team that finances large transactions across the continent. Her new role me
JPMorgan Chase and Bank of America have decided to add their own money to a special savings plan for kids. This plan, called "Trump accounts, " gives $1, 000 to each eligible child born in the U. S. between 2025 and 2028. The banks will match this amount, doubling the initial contribution. The idea
JPMorgan Chase is ready to open its wallet wide to keep up with the competition. The bank's CEO, Jamie Dimon, made it clear that they won't hold back on spending to stay ahead of companies like Stripe, SoFi, and Charles Schwab. He said they are always watching what these competitors are doing and ho
Chase is stepping in to manage the Apple Card, with the switch happening in about two years. Users won't see many changes right away. They'll still get up to 3% cash back on purchases, use easy spending tools, and share accounts with family. Mastercard will keep handling the payments, so users can s
JPMorgan Chase, a major player in the financial world, has been sending mixed signals about cryptocurrency in 2025. On one hand, CEO Jamie Dimon has been vocal about his skepticism towards Bitcoin. He has repeatedly called it a "Ponzi" scheme and linked it to illegal activities. He even compared own
